Although precision medicine has attracted great market attention and venture funding during the past two years, there are few Chinese start-ups with truly innovative technologies, warns Sequoia Capital’s partner Chen Penghui at the ChinaVenture Annual Conference. A large number of precision medicine start-ups have emerged in China during the past couple of years, including in […]
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There are many precedents of financial systems experiencing significant asset deterioration following sustained periods of above-trend credit growth. In China, there have been a rapid build-up of credit in the 1990s, with over-leveraged Chinese state-owned enterprises weighed on predominantly state-owned banks reporting non-performing loans (NPLs) of about 30%, much of which were subsequently carved out […]
A total of 52 Chinese education start-ups has received series B or later funding rounds as of August, a record high for the sector and an indication of investor optimism for the industry, according to Chinese media reports without saying how much was raised in aggregate. Some notable major financing rounds include online education platform […]
Didi Chuxing has received an undisclosed amount of strategic investment from China Post Group Corporation, two weeks after China’s largest ride sharing company agreed to acquire all assets of key rival Uber China. As a strategic investor, China Post will integrate its own resources and operation to cooperate with Didi Chuxing to provide better and […]
Baidu Inc. and Ford Motor Company have invested a combined US$150 million in Velodyne LiDAR, Inc., a supplier of technology that lets self-driving cars see and avoid what’s around them. “Baidu is developing autonomous vehicles with the intention to increase passenger safety and reduce traffic congestion and pollution in China,” says Jing Wang, senior vice […]
A Chinese consortium including Qihoo 360 Technology Co., online-game company Beijing Kunlun Tech Co. and private equity firm Golden Brick Silk Road Fund Management (Shenzhen) LLP has agreed to a revised deal to acquire part of Opera Software ASA after a broader takeover failed to secure regulatory approval. The new transaction excludes Opera’s video-compression and […]
Lei Jun, founder and CEO of Xiaomi Inc, believes that rural Internet and enterprise services market are where future opportunities lie for Chinese start-ups, the co-founder of Shunwei Capital wrote in a recent article. Lei Jun believes that the market opportunity for rural Internet concepts will be larger than anything seen in the past, as […]
China’s State Council has approved the a stock connect program between Hong Kong and Shenzhen, Premier Li Keqiang said at a council meeting on Tuesday, without specifying any likely launch date or other details. “The basic preparation work for the stock connect scheme between Hong Kong and Shenzhen is ready. The State Council has already […]
Worldwide revenues for the augmented reality and virtual reality (AR/VR) market will grow from US$5.2 billion in 2016 to more than US$162 billion in 2020, according to a new report released by the International Data Corporation (IDC). This represents a compound annual growth rate (CAGR) of 181.3% over the 2015 to 2020 forecast period. “For […]
Shareholders have approved Dalian Wanda Commercial Properties’ planned go-private deal to de-list from the Hong Kong Stock Exchange, paving the way for Dalian Wanda Group’s property unit to seek a domestic listing at a higher valuation, according to an announcement. The privatization deal, if completed, could be the largest such transaction this year. In May, […]